$2,453,000
SOLD FEB 12, 2025

540 S Euclid Ave Pasadena, CA 91101

Madison Heights Neighborhood
10 Beds
7 Baths
5,030 Sq Ft
9,622 Sq Ft Lot

Recently Sold

$488 Per Sq Ft

2% Below List Price

43 Days on Market

About This Home

As of February 2025

PRIME PASADENA LOCATION! Don't miss this rare opportunity to acquire a classic 7-unit Pasadena rental property located walking distance to the recently opened Erewhon market and all the shops and restaurants of South Lake Avenue. Offering a very strong unit mix of three 2 Bed + 1 bath units and four 1 Bed + 1 bath units with rents that offer a new owner, steady and realistic rental income growth. With good curb appeal and a unique building layout make this property not a typical box apartment building. Improvements include several units being completely renovated, updated plumbing throughout property, newer dual pane windows, recently replaced roofs, the elevated decking have been inspected and the SOFT-STORY RETROFIT COMPLETED! Other features include 8 on-site parking spaces and tenant storage cabinets, separate water heaters, community laundry room with coin operated machines and all the units are separately metered for gas/electricity. The property is subject to local Pasadena rent control laws, buyer is to verify and familiarize. Don't miss this chance to invest in such a prized location where properties are held for generations and don't trade hands often. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.

Last Agent to Sell the Property

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 12/02/2024

Co-Listed By

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644

Last Buyer's Agent

Rachel Chen

Pinnacle Real Estate Group License #01869026

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 9,622 Sq Ft Lot
  • Lot Dimensions are 50x192

Interior Spaces

  • 5,030 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Parking

  • 8 Parking Spaces
  • Detached Carport Space

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5722-034-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5030
  • Lot Acreage: 0.2209
  • Lot Dimensions: 50x192
  • Stories: 2
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 7.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 497.02

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 8
  • Parking Garage: Parking Space, Carport Detached
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 70.00
  • Assessed Improvement Value: 650229
  • Assessed Land Percent: 30
  • Assessed Land Value: 278655
  • Total Assessed Value: 928884
  • Assessor Parcel Number: 5722-034-018
  • Lot Size Area: 9622

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.12
  • Number Of Units: 7
  • Type Of Units: Apartments

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2025 02/12/25 Sold $2,453,000 -1.9% $488 / Sq Ft
01/14/2025 01/14/25 Pending -- -- --
12/02/2024 12/02/24 For Sale $2,500,000 -- $497 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alexander Metaxas

    Seller's Agent in 2025

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    2 in this area

    37 Total Sales

    Alexander Metaxas
    Section Image
  • Benjamin Hsiang

    Seller Co-Listing Agent in 2025

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    2 in this area

    73 Total Sales

    Benjamin Hsiang
    Section Image

  • R

    Buyer's Agent in 2025

    Rachel Chen

    Pinnacle Real Estate Group

    (626) 888-9808

    1 in this area

    174 Total Sales

    Rachel Chen
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-471435

The MLS
California Los Angeles County Pasadena 91101 Madison Heights

540 S Euclid Ave, Pasadena, CA

Sold

MultiFamily

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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